Squarepoint Ops LLC Makes New $8.56 Million Investment in CNH GLOBAL N V Foreign (NYSE:CNH)

Squarepoint Ops LLC bought a new position in shares of CNH GLOBAL N V Foreign (NYSE:CNH) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 755,381 shares of the company’s stock, valued at approximately $8,558,000. Squarepoint Ops LLC owned 0.06% of CNH GLOBAL N V Foreign as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. Colonial Trust Co SC purchased a new stake in shares of CNH GLOBAL N V Foreign during the 4th quarter valued at $25,000. EverSource Wealth Advisors LLC purchased a new stake in shares of CNH GLOBAL N V Foreign during the 4th quarter valued at $25,000. Quent Capital LLC purchased a new stake in shares of CNH GLOBAL N V Foreign during the 4th quarter valued at $26,000. Anchor Investment Management LLC purchased a new stake in shares of CNH GLOBAL N V Foreign during the 4th quarter valued at $26,000. Finally, Farther Finance Advisors LLC purchased a new stake in shares of CNH GLOBAL N V Foreign during the 4th quarter valued at $27,000. Hedge funds and other institutional investors own 59.88% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently commented on CNH shares. Truist Financial decreased their price objective on CNH GLOBAL N V Foreign from $17.00 to $16.00 and set a “buy” rating for the company in a report on Tuesday, April 8th. Wall Street Zen began coverage on CNH GLOBAL N V Foreign in a research note on Wednesday, April 30th. They issued a “sell” rating for the company. Northland Capmk upgraded CNH GLOBAL N V Foreign from a “hold” rating to a “strong-buy” rating in a research note on Friday, April 11th. Citigroup raised their target price on CNH GLOBAL N V Foreign from $12.00 to $14.00 and gave the stock a “buy” rating in a research note on Monday, May 5th. Finally, Evercore ISI increased their price target on CNH GLOBAL N V Foreign from $13.00 to $15.00 and gave the stock an “in-line” rating in a research report on Monday, May 19th. One analyst has rated the stock with a sell rating, five have assigned a hold rating, eight have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $14.92.

CNH GLOBAL N V Foreign Trading Down 1.5%

CNH opened at $12.77 on Friday. The company has a debt-to-equity ratio of 3.54, a current ratio of 13.21 and a quick ratio of 10.83. The company’s 50 day simple moving average is $12.13 and its two-hundred day simple moving average is $12.09. CNH GLOBAL N V Foreign has a 1-year low of $9.28 and a 1-year high of $13.87. The firm has a market capitalization of $15.96 billion, a price-to-earnings ratio of 12.40 and a beta of 1.50.

CNH GLOBAL N V Foreign (NYSE:CNH) last released its earnings results on Thursday, May 1st. The company reported $0.10 earnings per share for the quarter, topping analysts’ consensus estimates of $0.09 by $0.01. CNH GLOBAL N V Foreign had a net margin of 6.62% and a return on equity of 18.00%. The business had revenue of $3.83 billion for the quarter, compared to analyst estimates of $4.47 billion. The firm’s revenue for the quarter was down 20.5% compared to the same quarter last year. Analysts expect that CNH GLOBAL N V Foreign will post 0.7 EPS for the current fiscal year.

CNH GLOBAL N V Foreign Cuts Dividend

The company also recently declared an annual dividend, which will be paid on Friday, May 30th. Stockholders of record on Wednesday, May 21st will be given a dividend of $0.25 per share. This represents a dividend yield of 3.8%. The ex-dividend date of this dividend is Wednesday, May 21st. CNH GLOBAL N V Foreign’s payout ratio is presently 57.32%.

Insider Activity

In other news, insider Stefano Pampalone sold 12,935 shares of CNH GLOBAL N V Foreign stock in a transaction that occurred on Tuesday, March 4th. The shares were sold at an average price of $11.64, for a total transaction of $150,563.40. Following the sale, the insider now owns 417,384 shares of the company’s stock, valued at approximately $4,858,349.76. The trade was a 3.01% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Suzanne Heywood sold 24,213 shares of CNH GLOBAL N V Foreign stock in a transaction that occurred on Tuesday, March 4th. The shares were sold at an average price of $11.64, for a total transaction of $281,839.32. Following the sale, the director now directly owns 551,858 shares in the company, valued at approximately $6,423,627.12. The trade was a 4.20% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 432,866 shares of company stock valued at $5,081,828. 0.23% of the stock is currently owned by company insiders.

CNH GLOBAL N V Foreign Profile

CNH Industrial NV is an equipment and services company, which develops, manufactures and sells specialized machines and services for the farming and construction industries, and supplies replacement parts and accessories. It operates through the following operating segments: Agriculture, Construction, and Financial Services.